PROPERTY, PLANT AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2023

Property, plant and equipment [abstract]

Disclosure of detailed information about property, plant and equipment


US$ MILLIONS	Utilities		Transport		Midstream		Data		Total

Balance at January 1, 2022	$	7,565	$	8,998	$	14,862	$	8,324	$	39,749

Additions, net of disposals	500		561		797		575		2,433
Acquisitions through business combinations(1)	109		—		—		52		161

Non-cash (disposals) additions	(154)		126		(17)		(12)		(57)
Assets reclassified as held for sale	—		(8)		—		—		(8)
Net foreign currency exchange differences	(743)		(340)		(963)		(754)		(2,800)
Balance at December 31, 2022	$	7,277	$	9,337	$	14,679	$	8,185	$	39,478

Additions, net of disposals	292		237		187		110		826

Acquisitions through business combinations(1)	118		—		—		—		118
Assets held by subsidiaries disposed during the period	—		(19)		—		—		(19)
Non-cash additions (disposals)	32		(26)		(3)		(53)		(50)

Net foreign currency exchange differences	301		47		300		64		712
Balance at June 30, 2023	$	8,020	$	9,576	$	15,163	$	8,306	$	41,065

Accumulated depreciation:
Balance at January 1, 2022	$	(1,272)	$	(1,668)	$	(622)	$	(629)	$	(4,191)
Depreciation expense	(327)		(468)		(418)		(384)		(1,597)
Disposals	22		5		—		—		27

Assets reclassified as held for sale	—		4		—		—		4
Non-cash disposals	—		—		11		41		52
Net foreign currency exchange differences	123		87		47		52		309
Balance at December 31, 2022	$	(1,454)	$	(2,040)	$	(982)	$	(920)	$	(5,396)
Depreciation expense	(195)		(234)		(272)		(192)		(893)
Disposals	8		9		—		—		17

Assets held by subsidiaries disposed during the period	—		12		—		—		12
Non-cash disposals	2		14		11		45		72
Net foreign currency exchange differences	(56)		(6)		(16)		(11)		(89)
Balance at June 30, 2023	$	(1,695)	$	(2,245)	$	(1,259)	$	(1,078)	$	(6,277)

Accumulated fair value adjustments:
Balance at January 1, 2022	$	1,643	$	1,046	$	408	$	—	$	3,097
Fair value adjustments	175		75		118		—		368
Net foreign currency exchange differences	(179)		(73)		(4)		—		(256)

Balance at December 31, 2022	$	1,639	$	1,048	$	522	$	—	$	3,209



Net foreign currency exchange differences	101		(6)		(2)		—		93
Balance at June 30, 2023	$	1,740	$	1,042	$	520	$	—	$	3,302

Net book value:
December 31, 2022	$	7,462	$	8,345	$	14,219	$	7,265	$	37,291
June 30, 2023(2)	$	8,065	$	8,373	$	14,424	$	7,228	$	38,090

1.Refer to Note 5 , Acquisition of Businesses, for further details.

2.Includes right-of-use assets of $206 million in our utilities segment, $988 million in our transport segment, $341 million in our midstream segment and $1,889 million in our data segment. Current lease liabilities of $401 million have been included in accounts payable and other and non-current lease liabilities of $3,055 million have been included in other liabilities in the Consolidated Statements of Financial Position.